Descending Channel in SHIBA / Wait for BO / Possible Targets
I myself don't trade or hold sh*t coins but here the SHIBAINU analysis. Price is now moving in bearish channel which I see all bear channels as bull flags, just like here. Shiba returns back to the bullish orderblock from October 24, 2021 and I see double bottom pattern formed within this -OB.
If you want to buy SHIBAINU , Now is the time ! You can buy one step here and wait:
1) If price fall down then buy more on lower bullish OB.
2) If price goes up and breaks the bear trendline, then buy more on breakout pullback.
Targets will be:
1) Measured Move based on double bottom height
2) Beginning of bear channel
3) and finally ATH
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
If you want to buy SHIBAINU , Now is the time ! You can buy one step here and wait:
1) If price fall down then buy more on lower bullish OB.
2) If price goes up and breaks the bear trendline, then buy more on breakout pullback.
Targets will be:
1) Measured Move based on double bottom height
2) Beginning of bear channel
3) and finally ATH
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
הערה:
Bear trendline is now broken and bulls get out of bear channel.
